1 January 2024 false No description of principal activity Taxfiler 2024.6 06769426business:PrivateLimitedCompanyLtd2024-01-012024-12-31 067694262023-12-31 067694262024-01-012024-12-31 06769426business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 06769426business:FilletedAccounts2024-01-012024-12-31 067694262024-12-31 06769426business:Director12024-01-012024-12-31 06769426business:RegisteredOffice2024-01-012024-12-31 067694262023-12-31 06769426core:WithinOneYear2024-12-31 06769426core:WithinOneYear2023-12-31 06769426core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 06769426core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 06769426core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 06769426core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 06769426core:PreviouslyStatedAmount2024-12-31 06769426core:PreviouslyStatedAmount2023-12-31 06769426business:SmallEntities2024-01-012024-12-31 06769426countries:EnglandWales2024-01-012024-12-31 06769426core:PlantMachinery2024-01-012024-12-31 06769426core:ComputerEquipment2024-01-012024-12-31 06769426core:PlantMachinery2023-12-31 06769426core:ComputerEquipment2023-12-31 06769426core:PlantMachinery2024-12-31 06769426core:ComputerEquipment2024-12-31 06769426business:OrdinaryShareClass12024-01-012024-12-31 06769426business:OrdinaryShareClass12023-01-012023-12-31 067694262023-01-012023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 06769426 (England and Wales)
Merit Electricals Limited Unaudited accounts for the year ended 31 December 2024
Merit Electricals Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Merit Electricals Limited Company Information for the year ended 31 December 2024
Director
Gbenga Olatunji AYENI
Company Number
06769426 (England and Wales)
Registered Office
FLAT 8 ARNOLD HOUSE DODDINGTON GROVE LONDON SE17 3SU
Accountants
Fanla & Co Unit 10 Warwick House Overton Road London SW9 7JP
- 3 -
Merit Electricals Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
244 
357 
Current assets
Cash at bank and in hand
88 
120 
Creditors: amounts falling due within one year
5
469 
1,219 
Net current assets
557 
1,339 
Net assets
801 
1,696 
Capital and reserves
Called up share capital
6
1 
1 
Profit and loss account
800 
1,695 
Shareholders' funds
801 
1,696 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2025 and were signed on its behalf by
Gbenga Olatunji AYENI Director Company Registration No. 06769426
- 4 -
Merit Electricals Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Merit Electricals Limited is a private company, limited by shares, registered in England and Wales, registration number 06769426. The registered office is FLAT 8 ARNOLD HOUSE, DODDINGTON GROVE, LONDON, SE17 3SU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
Computer equipment
25%
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
680 
720 
1,400 
At 31 December 2024
680 
720 
1,400 
Depreciation
At 1 January 2024
445 
598 
1,043 
Charge for the year
75 
38 
113 
At 31 December 2024
520 
636 
1,156 
Net book value
At 31 December 2024
160 
84 
244 
At 31 December 2023
235 
122 
357 
- 5 -
Merit Electricals Limited Notes to the Accounts for the year ended 31 December 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
(1,421)
(1,921)
Accruals
952 
702 
(469)
(1,219)
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -